A “combined world” of fuel cell electric vehicles (FCEVs) and battery electric vehicles (BEVs) will create a greener transportation sector, faster and cheaper than one of the solutions alone. Hydrogen Council, with analytical support from McKinsey and Company, published a report that highlights the complementary roles of FCEVs and BEVs in a decarbonised transportation sector.
The analysis found that each solution has comparable systemic efficiencies and similar CO2 life cycle intensity. From the vehicle user perspective, FCEVs and BEVs will provide the flexibility and convenience to meet their specific context of use and geographic location. Additionally, the costs of two supporting infrastructure for FCEVs and BEVs is cheaper than one infrastructure network, primarily due to the reduced peak loads and avoidance of costly upgrades on the electricity grid. The report’s messages were developed in dialogue with the Observatory Group, which consisted of representatives of government agencies and academia, as well as associations and companies active in sectors like regenerative electricity generation, electricity grid equipment manufacturing, electric vehicle charging, fleet management.
View the full report here.
Read the press release here.